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. they just came out with the 2013 growth forecast for europe, an economy slightly bigger than the united states. they went from a plus 0.3% growth rate to minus 0.5%. the cbo said our underlying growth rate, all other things constant, our underlying growth rate has halved over the past decade from 4% to 2%. we're in a serious global growth compression period, and we need to pivot both in the united states and around the world to pro-growth reflationary strategies. >> jay, you reference that report, which i was looking at as well. what is the underlying growth rate, what does that mean exactly, and what can we do to bring it back up to the 4% where it was? >> essentially it means that the dynamics of the economy, the demographics, the productivity growth rate, the key things that drive economic growth are such that we have a 2% growth path in front of us in part because when you think about the '90s -- i know that was discussed earlier in the show -- we had a much bet demographic, kind the baby boomer bulge coming through. that boosted our potential growth rate. here we're on the other si
part of the global conflict. the war was raging in europe examine asia for many years. the united states had kept out of it, and the american people could forecast the future where they were remaining out of this conflict. after what happens in a few short hours in the territory of hawaii on december 7, 1941 the united states of america, with a resolve that we have not really seen since except during september 11th joined the idea and accepted the idea that we were going to become a significant part of the global conflict, and we did. >> martin, you mentioned september 11th. any historical event you can't really understand what it was like to have lived at that moment unless you actually lived at that moment. do you think that 9/11 in a way provides a sort of touchstone for younger americans for what that felt like, what that pearl harbor attack would have feltd like to receive the news on? >> i think september 11th provides the closest parallel. it provides an opportunity for people who weren't aalive 71 years ago or interested in world war ii history, it provides them the opport
economy and suggests asia in general will have more overall power than the u.s. and europe combined. but before we freak out and preemptively launch economic warfare to stay on top, our next guest says america stands to gain a lot from china's growth and china's leadership may be open to the type of reforms to strengthen our relationship. we have donald gross, he's author of "the china fallacy, how the u.s. can benefit of chi in's rise and avoid another cold war." donald, welcome. i have to say i've talked to both folks on both sides of this argument. i had a long conversation with governor jon huntsman who talked about china being very healthy and robust and our relationship very important, one of the most important in the world, in fact. i talked to gordon chang a number of time who is talked about china being well, pretty evil and collapsing and wanting tock an eminent threat to our country. who's right? >> well, i have to say that i strongly agree with governor huntsman. he was after all the ambassador to china. >> right. >> he's a leading american politician. i think that he ha
Search Results 0 to 3 of about 4 (some duplicates have been removed)